Unexpected Investor Loyalty in Crypto ETFs
Joseph Chalom, co-CEO of Sharplink Gaming and a former BlackRock executive, expressed surprise at the strong holding patterns observed among investors in Bitcoin and Ethereum exchange-traded funds (ETFs).
Having previously served as BlackRock’s head of digital asset strategy, Chalom noted that the sustained commitment of these ETF holders exceeded his expectations, even after more than a year since their introduction.
A Veteran’s Perspective
Chalom’s career at BlackRock spanned two decades, a period marked by significant market fluctuations and the growth of the financial giant to managing over $10 trillion in assets. Despite this extensive experience, the behavior of these particular crypto ETF investors stood out.
He clarified that his surprise wasn’t related to the substantial capital inflows into these funds or the widespread media attention they garnered. Instead, it was the remarkable long-term commitment displayed by investors once they had made their allocations.
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